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Journal Article
Wives at work
From 1950 to 1990, married women tripled their hours in the workplace. New research suggests that reduced wage discrimination-not better appliances or higher incomes-caused this sea change in the workforce
Journal Article
Disaster zone
The economics of catastrophe risks are fundamentally different from those of risks covered by standard insurance contracts. Size alone is not necessarily the critical difference, nor is the sporadic and unpredictable nature of catastrophes. The key unconventional features needed to deal with the large, time-varying, asymmetric risks inherent in catastrophes are: - between-group trades across time, not just within-group, pay-as-you-go risk pooling; - in normal times, payments by the risk-prone group to the relatively safe group; - when catastrophe strikes, large payments to the risk-prone ...
Journal Article
Putting a price on carbon
To address global warming, most economists favor a focus on prices, not quantities.
Journal Article
Pensions in peril
Journal Article
Mr. Peyton’s bank
Through hard work and force of personality, John Peyton transformed the Minneapolis Fed into a source of strength and succor in turbulent times.
Journal Article
Right on target
A behind-the-scenes look at the Fed?s open market operations.
Journal Article
The cost of Kelo
Contrary to last year's U.S. Supreme Court ruling Kelo v. City of New London, using eminent domain to foster economic development diminishes rather than enhances economic growth and the public good.
Journal Article
How to save gas
Pricing mechanisms, not fuel-economy standards, offer the best hope for reducing motor fuel consumption
Journal Article
The bank that Hamilton built
The First Bank of the United States created an enduring model for markets and monetary policy.
Journal Article
The “monster” of Chestnut Street
The life and death of the Second Bank of the United States is a cautionary tale about the exercise of monetary power.